News Media Meltdown Continues
The Inquirer and its sister paper, the Philadelphia Daily News, (have) both ... struggled financially in recent years. But The Inquirer and The Daily News are deep into contract negotiations with the principal union at the papers, the Newspaper Guild, and Mr. Tierney is believed to be considering new layoffs at the Inquirer that could reduce its newsroom staff by 30 percent or more. The Daily News staff had already been so diminished that there is no discussion of layoffs there. Advertising revenue at both papers has plunged and circulation continues to spiral downward.